Anyone have an educated guess as to where it will open on the 15th? I can't re-call when trading has been stopped for such a long period of time. Can anyone else recall a situation such as this.
All stop trading orders that I re-call have only been for a day or two.
Absolutely not!!! Millennium DID NOT BUY ANY STOCK, ONLY LOANED THE COMPANY SOME MONEY! HE said in that release that he needed to split the stock for liquidity so the big buyers could buy.....Millinium is not buy stock.
Well I said I was the optimist, perhaps misguided, I guess I am in denial with the events of the day. You've discussed the "institutional interest" statement before, but "institutional interest" and Institutions clawing at the door to buy VAPH stock are two different things aren't they? In fact one might conjure up that their Hedge Fund deal was one of their "institutional interest" inquiries couldn't they? This is just going to be as entertaining as it is educational to see just what the SEC can really pin on that comment. Take a hard look at the definition of the word "Institution" and see what it says. One or more of the examples of the term would probably be a reasonable definition of the Hedge Fund guys. . . . . sure it going to be entertaining to see how this works out . . sure better than the SOAPS on TV!
From past stocks that have been investigated for a prolonged period of time, my best guess is that it will be cut-off at the knees. I suspect an optimistic open in the low 3's, before you start to hear the glug, glug, glug of it sinking as it goes lower than whale
Great prognostication, just for kicks, would be interested in how you arrived at this calculation/estimate? If the SEC finds nothing that they can sink their teeth into after they have two weeks to line up all the normal suspects, why would their backing off simply have the effect that the stock might have a small dip instead of a deep one and then keep on going? In fact if they do nothing but allowing trading to continue, that smacks of a de-facto sign of approval by the SEC wouldn't it?